About This Property
The Oaks McCormick is a 20-unit affordable housing community in McCormick, SC that has been in service since 2007. All units are designated as low-income housing and consist of one-bedroom floor plans. The property is financed through tax-exempt bonds and utilizes 4% Low-Income Housing Tax Credits.
Property Details
Fair Market Rent - McCormick County, SC
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $752 |
| 1 Bedroom | $757 |
| 2 Bedroom | $994 |
| 3 Bedroom | $1,283 |
| 4 Bedroom | $1,398 |
Income Limits - McCormick County, SC
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,000
- Low (80%)
- $32,000
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,850
- Low (80%)
- $36,600
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,700
- Low (80%)
- $41,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,550
- Low (80%)
- $45,700
- Extremely Low (30%)
- $30,850
- Very Low (50%)
- $30,850
- Low (80%)
- $49,400
- Extremely Low (30%)
- $33,150
- Very Low (50%)
- $33,150
- Low (80%)
- $53,050
- Extremely Low (30%)
- $35,450
- Very Low (50%)
- $35,450
- Low (80%)
- $56,700
- Extremely Low (30%)
- $37,700
- Very Low (50%)
- $37,700
- Low (80%)
- $60,350
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,000 | $32,000 |
| 2 Persons | $17,420 | $22,850 | $36,600 |
| 3 Persons | $21,960 | $25,700 | $41,150 |
| 4 Persons | $26,500 | $28,550 | $45,700 |
| 5 Persons | $30,850 | $30,850 | $49,400 |
| 6 Persons | $33,150 | $33,150 | $53,050 |
| 7 Persons | $35,450 | $35,450 | $56,700 |
| 8 Persons | $37,700 | $37,700 | $60,350 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Mc Cormick, SC?+
The Fair Market Rent (FMR) for McCormick County, SC is: $752 (Studio), $757 (1BR), $994 (2BR), $1283 (3BR), $1398 (4BR). Actual rent at subsidized properties like The Oaks Mccormick is typically 30% of household income or less.
What size apartments are available at The Oaks Mccormick?+
The Oaks Mccormick offers the following unit types: 20 One-Bedroom units, for a total of 20 units.
Who manages The Oaks Mccormick?+
The Oaks Mccormick is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Mc Cormick, SC?+
Based on Fair Market Rent for McCormick County, the estimated price range is: 1-bedroom: $757. Actual rent at The Oaks Mccormick may be lower for income-eligible households.
What are the income limits for affordable housing in McCormick County, SC?+
For a 4-person household in McCormick County, SC, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,550, Low Income (80% AMI): $45,700. These limits are set by HUD and updated annually.
How do I apply for housing at The Oaks Mccormick?+
The Oaks Mccormick is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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